Savvy Advisors Inc. Purchases 21,662 Shares of Exxon Mobil Corporation $XOM

Savvy Advisors Inc. boosted its position in shares of Exxon Mobil Corporation (NYSE:XOMFree Report) by 33.1% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 87,021 shares of the oil and gas company’s stock after acquiring an additional 21,662 shares during the period. Savvy Advisors Inc.’s holdings in Exxon Mobil were worth $10,472,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Franklin Resources Inc. raised its position in Exxon Mobil by 7.4% during the third quarter. Franklin Resources Inc. now owns 38,728,643 shares of the oil and gas company’s stock valued at $4,366,655,000 after purchasing an additional 2,660,910 shares during the period. Mercer Global Advisors Inc. ADV raised its position in Exxon Mobil by 218.4% during the third quarter. Mercer Global Advisors Inc. ADV now owns 1,380,899 shares of the oil and gas company’s stock valued at $155,696,000 after purchasing an additional 2,546,791 shares during the period. AQR Capital Management LLC raised its position in Exxon Mobil by 105.4% during the third quarter. AQR Capital Management LLC now owns 2,925,026 shares of the oil and gas company’s stock valued at $329,797,000 after purchasing an additional 1,501,235 shares during the period. Bessemer Group Inc. raised its position in Exxon Mobil by 119.4% during the third quarter. Bessemer Group Inc. now owns 2,672,359 shares of the oil and gas company’s stock valued at $301,310,000 after purchasing an additional 1,454,308 shares during the period. Finally, National Bank of Canada FI raised its position in Exxon Mobil by 62.7% during the second quarter. National Bank of Canada FI now owns 3,103,819 shares of the oil and gas company’s stock valued at $334,593,000 after purchasing an additional 1,196,167 shares during the period. 61.80% of the stock is owned by institutional investors.

Exxon Mobil Trading Up 1.8%

Shares of NYSE XOM opened at $163.51 on Tuesday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.79 and a current ratio of 1.15. The business’s 50 day moving average price is $153.10 and its 200-day moving average price is $130.40. Exxon Mobil Corporation has a fifty-two week low of $97.80 and a fifty-two week high of $176.41. The company has a market cap of $681.32 billion, a price-to-earnings ratio of 24.44, a PEG ratio of 1.11 and a beta of 0.29.

Exxon Mobil (NYSE:XOMGet Free Report) last issued its quarterly earnings results on Friday, January 30th. The oil and gas company reported $1.71 earnings per share for the quarter, topping the consensus estimate of $1.63 by $0.08. Exxon Mobil had a return on equity of 11.21% and a net margin of 8.68%.The firm had revenue of $80.04 billion for the quarter, compared to the consensus estimate of $77.98 billion. During the same period in the prior year, the business posted $1.67 earnings per share. The company’s revenue for the quarter was down 1.3% on a year-over-year basis. On average, sell-side analysts expect that Exxon Mobil Corporation will post 7.43 earnings per share for the current year.

Exxon Mobil Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 10th. Stockholders of record on Thursday, February 12th were issued a $1.03 dividend. This represents a $4.12 annualized dividend and a dividend yield of 2.5%. The ex-dividend date was Thursday, February 12th. Exxon Mobil’s dividend payout ratio is presently 61.58%.

Trending Headlines about Exxon Mobil

Here are the key news stories impacting Exxon Mobil this week:

Insider Buying and Selling at Exxon Mobil

In other news, VP Darrin L. Talley sold 1,080 shares of the stock in a transaction that occurred on Monday, March 16th. The stock was sold at an average price of $155.50, for a total value of $167,940.00. Following the sale, the vice president directly owned 17,124 shares in the company, valued at approximately $2,662,782. This represents a 5.93% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders sold 11,460 shares of company stock valued at $1,687,854 in the last quarter. Corporate insiders own 0.03% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on XOM. Royal Bank Of Canada upped their price objective on Exxon Mobil from $145.00 to $150.00 and gave the company a “sector perform” rating in a research report on Monday, February 2nd. BMO Capital Markets restated a “market perform” rating and set a $155.00 price objective on shares of Exxon Mobil in a research report on Wednesday, February 4th. Bank of America upped their price objective on Exxon Mobil from $135.00 to $151.00 and gave the company a “neutral” rating in a research report on Monday, March 2nd. Mizuho upped their price objective on Exxon Mobil from $140.00 to $162.00 and gave the company a “neutral” rating in a research report on Tuesday, March 17th. Finally, BNP Paribas Exane downgraded Exxon Mobil from a “neutral” rating to an “underperform” rating and set a $125.00 price objective on the stock. in a research report on Tuesday, February 3rd. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Exxon Mobil has an average rating of “Hold” and an average target price of $152.39.

View Our Latest Research Report on XOM

Exxon Mobil Profile

(Free Report)

Exxon Mobil Corporation (NYSE: XOM) is an integrated oil and gas company engaged in the exploration, production, refining, distribution and marketing of petroleum products and the manufacture and sale of petrochemicals. Its operations span the full energy value chain, including upstream exploration and development of crude oil and natural gas; midstream transportation and storage; and downstream refining, product distribution and retail. The company also produces a broad range of chemical products for industrial and consumer applications.

ExxonMobil markets fuels and lubricants under well-known brands such as Exxon, Mobil and Esso, and its Mobil 1 motor oil is a prominent consumer product.

See Also

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Institutional Ownership by Quarter for Exxon Mobil (NYSE:XOM)

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